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Islamic Finance Briefing - Categorized | Insurance (Takaful), New Launches more

Firm launches pioneering Sharia insurance product

Posted on 31 August 2009

From Gulf-daily-news.com: Bahrain’s leading Islamic insurance company t’azur yesterday launched what it believes is the world’s first Sharia-compliant charitable insurance product.

The Sadaqah product helps people willing to give to charities through regular donations which the company invests in Sharia-compliant funds over a set number of years, after which the accumulated capital is then passed to the charity of the donor’s choice…………..Full Article: Source

 
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